Business succession planning
You’ve created and grown a successful business, but now your time has come to step aside and appoint a successor who will look after your business to ensure it continues to thrive. Business succession can be a very stressful process, as your decisions can ultimately affect the future of the businesses and situations are different, which is why our team of expert business succession planning solicitors can help to create a plan tailored to you. We will guide you through all the aspects of your business succession, including:
- Reviewing existing legal agreements that might determine the value of your business
- Where appropriate, discussing with any business partners or family members that might be involved
- Making sure that your will reflects your succession plans
- Considering how the business can continue to be managed in the event of your planned or unexpected absence
- Effective use of all available tax reliefs, for example Business Property Relief
- Keeping all your legal papers up to date and in a secure place
In 2017 we received the Law Society’s prestigious Excellence in Private Client Practice award for our work in this area of law.
We can provide different pricing options depending on your budget and we are happy to have an initial chat without obligation – contact us today.
Contact Us
North, South, East or West. Wherever you are, we’ve got you covered. Contact us today for an informal chat, without obligation. We look forward to hearing from you.
Wills, probate & private client news
Health and Welfare Lasting Powers of Attorney
The recent publication of the Terminally Ill Adults (End of Life) Bill into parliament has drawn sharp focus on the public mood on assisted dying and the importance of having the choice about how you die in the event of a terminal diagnosis.
Terminally Ill Adults (End of Life) Bill
This month has seen the publication of the Private Member’s Bill into parliament which is intended to enable terminally ill adults in England and Wales to seek medical assistance to end their lives. This is known as ‘physician-assisted dying’. This will be debated and voted on in parliament on the 29 November 2024.
Securing Your Legacy: How the Wealth Protection Team Can Help You Navigate Budget 2024’s Business Property Relief Changes
As a business owner, you’re constantly juggling the demands of growth, profitability, and longevity. This year’s Budget 2024 announcement in the UK has brought particular attention to Business Property Relief (BPR)
The Benefits of an Holistic Estate Planning Approach: Working with a Wealth Protection Team
Estate planning is often seen as a one-off task or something reserved for the ultra-wealthy. However, it’s an essential process for anyone looking to secure their financial legacy
Holistic Wealth Protection for Farmers Post-IHT Budget 2024: Essential Advice from Your Solicitor
The 2024 UK Budget brought significant changes to inheritance tax (IHT) and wealth management that impact farming families directly. With potential shifts in tax allowances, business property relief, and agricultural property relief, now more than ever, a robust and holistic approach to wealth protection is essential.
What needs to go into a will and what can go into a letter of wishes?
When you make your will, you may wonder whether or not you also need to write a letter of wishes. The key distinction is that your will is a legally binding document. While a letter of wishes is not legally binding, it can offer flexibility and guidance to executors and trustees which can be very useful to them when managing your estate or a trust set up in your will.
Wollens Strengthens Community Ties with Five New Rotary Members
Wollens Strengthens Community Ties with Five New Rotary Members
How to help your executor – The First Few Stages of Estate Administration
Leaving a valid will where you have appointed an executor is the best way to ensure that your wishes and your estate is dealt with as you would want after you have died.
Kieran Wins Gold at ITF European Championships
Wollens Trainee Solicitor Kieran McDermott Wins Gold at ITF European Championships
Probate: dealing with a rental property with a tenant
Are you an executor facing the complexities of managing a rental property with a tenant in it as part of a deceased estate? Read our latest article by Liz Crawford who offers some very useful guidance on this subject.
